Prices are soaring as inflation is set to hit 44 percent in Ukraine before the end of 2015 as the country’s economy faces economic collapse, according to the Telegraph.
Consumer prices in the country jumped to starling new levels over the past year, the Ukrainian Central Bank Governor Valeria Gontareva has said, over an average inflation rate of 24.9 percent in 2014.
Gontareva stressed the government hoped to bring inflation back down to around 5 percent by 2019.
Ukraine’s war-ravaged economy has plunged into crisis following the conflict with Russia and separatists in the eastern part of the country. The Ukrainian government will gradually start to remove capital controls as it begins to receive $9 billion in bail-out cash from international lenders, Gontareva said.